John Reed on Big Banks’ Power and Influence

November 12, 2012 § Leave a comment

And that’s a fundamentally flawed system. If you say to a businessman, “What is your objective?” and he says, “My objective is to make money,” there are no boundaries on that. I mean, it’s only the law as to what you do in the middle. It would be better if you said, “I’m in business to serve my customers,” or “to create a product like an iPad or what have you.” But something that has intrinsic value. And all of a sudden, we changed to, “Hey, I’m not totally sure what we’re doing here. Maybe it’s not right. But you know what, I’m getting paid my commission.” And that mindset took over. And a lot of that money did flow into the political coffers. 

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

What’s this?

You are currently reading John Reed on Big Banks’ Power and Influence at There is something called standard work, but.

meta

%d bloggers like this: